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Health and environmental impact of the petroleum industry. Flaring of gas from offshore oil extraction platforms. A beach after an oil spill. Accumulation of plastic waste on a beach. The environmental impact of the petroleum industry is extensive and expansive due to petroleum having many uses. Crude oil and natural gas are primary energy and ...
Oil depletion. Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.
A huge mass of India's natural gas production comes from the western offshore regions, particularly the Mumbai High complex. The onshore fields in Assam, Tripura, Andhra Pradesh, Telangana and Gujarat states are also major producers of natural gas. As per EIA data, India produced 996 billion cubic feet (2.82 × 10 10 m 3) of natural gas in 2004 ...
The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra (Mumbai High Field). As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM). [2][3] India imports 82% of its oil ...
India was the third top crude oil consumer globally (4.8% of the world) with 221 Mt in 2017. India was the second-top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [19] India has 49.72 lakh (4.972 million) barrels per day (5.1% of the world) crude oil refining capacity which is ranked 4th globally in 2017. [8]
Website. www.isprlindia.com. Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian company responsible for maintaining the country's strategic petroleum reserves. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil. Choosing a particular curve determines a point of maximum production based on discovery rates ...
While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed [16] to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases.